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Asia Development Bank (ADB) will open $18 million credit line to ‘Poti Seaport Corporation’. According to the seaport management, the sum will be used to pay old debts and finance new investment projects. The liabilities were created while they were building the customs terminal. The project budget was $15 million. Currently 15 piers are functioning in the port. One of the important projects is increasing of pier-depth from 10.5 to 15 meters. Negotiations between ‘RAK Georgia Holding’, owner of the port and IPM Terminal about selling of 80% of port shares is not finished yet.

Georgian Journal


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